EL SALVADOR ELECTRIC VEHICLE MARKET

INTRODUCTION

  Salvador's government made the approved Law No.738 for electric transportation .The promotion of incentives to import and use electric and hybrid vehicles in the public and private sectors is this law's primary objective.

Importers are exempt from paying the Special Tax on the First Registration of Goods and the 13% Value Added Tax (VAT) on the importation value under this regulation, which establishes a custom duty of zero percent for electric and hybrid vehicles.

One of Central America's most important industries is transportation. To significantly cut greenhouse gas (GHG) emissions, the region is promoting sustainable mobility.

The rules are promoted in accordance with the international commitments made to lessen the effects of climate change and protect the environment.

A long-term strategy to enhance the transportation infrastructure is being developed by the government of Salvador. The infrastructure for EV charging will be crucial to the use of electric vehicles. Battery charging equipment, services, and EV parts and accessories will all benefit from this.

EL SALVADOR ELECTRIC VEHICLE MARKET SIZE AND FORECAST

The El Salvador Electric Vehicle Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

EL SALVADOR ELECTRIC VEHICLE MARKET DYNAMICS

El Salvador's first electric station was opened by Texaco and AES. The new electric vehicle charging station has been installed at the Texaco "La Skina" gas station in the Santa Tecla municipality, Department of La Libertad.

AES El Salvador is committed to bringing new ideas into  operations and providing the nation with technologies that will help them move toward a more environmentally friendly energy future. One of AES El Salvador's most significant strategic bets is electric mobility because of this.

Nine electric chargers have been installed by AES in its commercial offices and technical facilities—three in the eastern, two in the western, and four in the central areas—most .

recently one in the offices of the Ministry of Environment and Natural Resources (MARN) and another at the Texaco gas station. The eastern, western, and central areas all have chargers.

The energy company will have opened five more electric stations  in key public access locations like: banks, shopping centers, government offices, vehicle distribution companies.

The AES electric stations have a load capacity of 7.4 kw, have a weather-resistant design that extends their useful life by 10 years, and are equipped with WiFi, which allows their performance to be monitored remotely in real time. An average electric vehicle can travel a full charge in about four hours.

AES and Texaco detailed that during the execution phase of this task, clients won't need to pay for the energy consumed to re-energize their vehicle, accordingly invigorating the utilization of this harmless to the ecosystem innovation.

In this manner, AES El Salvador reaffirms its commitment to environmental sustainability and inspires other sectors of society to place their bets on El Salvador's energy future.

EL SALVADOR ELECTRIC VEHICLE MARKET COMPANY PROFILES

• Tesla
• Nikola
• Canoo
• Sano
• Green power motor company

THIS EL SALVADOR ELECTRIC VEHICLE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perEl Salvador Electric Vehicle Marketright now and how will it change in the next 5-6 years?
2. Average cost to set up anElectric Vehicle MarketinEl Salvador?
3. How manyEl Salvador Electric Vehicle Marketare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aEl Salvador Electric Vehicle Marketand key vendor selection criteria
6. Where is theEl Salvador Electric Vehicle Market manufactured? What is the average margin per equipment?
7. Market share ofEl Salvador Electric Vehicle Marketmanufacturers and their upcoming products
8. The most important plannedEl Salvador Electric Vehicle Marketin next 2 years
9. Details on network of majorEl Salvador Electric Vehicle Marketand pricing plans
10. Cost advantage for OEMs who manufactureEl Salvador Electric Vehicle Marketin-house
11. 5 key predictions for next 5 years inEl Salvador Electric Vehicle Market
12. Average B-2-BEl Salvador Electric Vehicle Marketprice in all segments
13. Latest trends inEl Salvador Electric Vehicle Market, by every market segment
14. The market size (both volume and value) ofEl Salvador Electric Vehicle Industry Marketin 2024-2030 and every year in between?
15. Global production breakup ofEl Salvador Electric Vehicle Industry Market, by suppliers and their OEM relationship